TEL AVIV, Israel, April 23, 2014 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq: TISA ) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announced today that Top Image Systems has won a Digital Mailroom project at the largest Israeli automotive retailer . Representing four major global automotive brands, the company imports private and commercial vehicles, trucks and buses. To maintain 1000 employees, ten showrooms and 59 service centers and manage new and used car sales, automotive maintenance and repairs, financing and insurance operations, the company is faced with tough logistical and administrative challenges to run efficient business operations. To meet this challenge, they selected eFLOW® Digital Mailroom to automate and accelerate document-driven business processes.
Traditionally, decentralized branch offices scanned large quantities of documents – leasing agreements, insurance policies, purchase contracts and many more, and transferred them all to a head office. By equipping the branches with eFLOW to automatically capture and recognize the different documents directly at the point of origin and transfer the data immediately to the people and systems targeted to respond to them, processes are completed faster while errors and manual data entry costs are substantially reduced. The company aims to more efficiently reallocate its labor force and greatly accelerate document processing.
Following a successful pilot by TIS and local partner Integrity Software, who will provide first level support and services, the retailer selected eFLOW Digital Mailroom over the competition. In order to streamline back office operations, the retailer wants to achieve high recognition rates and increase the ratio of straight-through processing for a wide range of documentation. Faster, more accurate and orderly document processing, easier access to documents and higher visibility into business processes will enable the back office to improve responsiveness to customers and give better service to the entire company. Following the implementation of Digital Mailroom , the customer plans to expand the project to automate supplier invoice processing in the second phase.
" eFLOW Digital Mailroom is a powerful solution that enables businesses of any magnitude to introduce and maintain efficient document-driven processes that save time and money," commented Yoss Perl, Executive Director EMEA for TIS. "Savvy businesses worldwide are increasingly aware that to stay competitive, they must leverage process automation technologies that enable faster, smarter and more efficient operations; TIS serves to help these companies meet such challenges and maintain a competitive edge."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS' flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.
Top Image Systems Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects,", "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
TIS Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President Hayden IR + 1 646 755 7412
